Inheritance tax: Farmers' protest heads to London

United Kingdom News News

Inheritance tax: Farmers' protest heads to London
United Kingdom Latest News,United Kingdom Headlines
  • 📰 BBCScienceNews
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

There are concerns the changes could affect businesses and rural communities.

Jacob and his father Peter say the changes to inheritance tax mean they would be forced to sell off land, making their farm less viable

He fears having to sell off parts of his family's 700-acre hill farm near Bridgend to afford a future tax bill, saying his forefathers would be "turning in their graves". "It's all quite raw with us in the fact that we've gone through and sorted a lot of affairs after my father," he explained.Anwen Hughes says it's been an "anxious and worrying" time for farmers in her position.

An official NFU "mass-lobby" event at a conference centre in Westminster was so oversubscribed that it has had to be split into several sessions, each accommodating 600 farmers.A separate rally is expected outside, organised largely online. "My concern is it's not just affecting farmers - it's all the local businesses - the mechanics, the feed merchants the tractor salesmen.the government has repeatedly said that due to other allowances the threshold will in practice be closer to £3m

Sion Roberts, a chartered tax adviser based in north-west Wales said he believed anywhere between 50 and 100 of the farmers on his own firm's books would be affected.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BBCScienceNews /  🏆 87. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Notts farmers protesting in London over 'savage' inheritance tax changesNotts farmers protesting in London over 'savage' inheritance tax changesA councillor said his farm, which has been around for 300 years, 'might come to an end'
Read more »

Shropshire farmers prepare to head to Westminster as anger over Labour's Inheritance Tax reforms growsShropshire farmers prepare to head to Westminster as anger over Labour's Inheritance Tax reforms growsFurious farmers in Shropshire are preparing to head to Westminster to protest Inheritance Tax reforms outlined in Labour's autumn Budget.
Read more »

Thousands of farmers are protesting about inheritance taxThousands of farmers are protesting about inheritance taxFarmers will pile into central London this weekend for what's expected to be the biggest protest the Labour government has faced so far.
Read more »

Transport Secretary Louise Haigh downplays risk of empty shelves if farmers strike over inheritance taxTransport Secretary Louise Haigh downplays risk of empty shelves if farmers strike over inheritance taxLouise Haigh says the government has contingency plans in place in the event farmers stop producing food in protest at the changes announced in the October budget.
Read more »

Starmer confident that most farmers will not be hit by inheritance tax changesStarmer confident that most farmers will not be hit by inheritance tax changesThe Prime Minister said he didn't believe most farmers would be affected by the changes due to Government investment in the sector and because he thinks most farmers won't meet the criteria for paying it
Read more »

Most farmers will not be affected by Budget’s inheritance tax raid, insists Sir Keir Starmer...Most farmers will not be affected by Budget’s inheritance tax raid, insists Sir Keir Starmer...Jeremy Clarkson’s fury as farmers are blocked from ‘tractor tax’ protest at Westminster while Just Stop Oil & pro-Palestinian demos allowed
Read more »



Render Time: 2025-02-21 12:09:45